Imaging recource: Canon’s Q3 numbers show profits down 21%, revenue down 4.5%

Canon has announced its third quarter financials today, making public the numbers behind its operations. In the call, Canon revealed a handful of statistics, both good and bad, that show where the company currently stands and where it hopes to be in the coming year. As reported by Reuters, Canon’s operating profits have fallen to 71.8 billion yen (~US$665 million), a decrease of 21% year-over-year (YOY). Similarly, Canon’s revenue fell 872.2 billion yen (~US$7.25 billion), a decrease of 4.5% YOY. Canon cites the decrease in demand for digital cameras,...
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